Tuesday Jan 27, 2015 Search
Weather | Athens
15o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone June inflation unchanged at low levels as expected

By Martin Santa

Eurozone inflation stayed low as expected in what the European Central Bank calls the danger zone in June as falling prices of food and phone calls offset more expensive tobacco and restaurants, data showed on Thursday.

Consumer prices in the 18 countries using the euro rose 0.1 percent on the month in June for a 0.5 percent year-on-year gain -- the same annual inflation rate as in May, data from the European Union's statistics office Eurostat showed.

The annual rate is well below the ECB's inflation target of close to, but below 2 percent. The central bank believes that price growth slower than 1 percent is a danger zone because of the risk of deflation. Price growth has been below 1 percent since last in October.

The ECB left interest rates unchanged in July, a month after cutting them to record lows and pushing the deposit rate into negative territory and it made clear it was ready to print money in the future if needed to prevent deflation.

Consumer prices fell in Greece, Portugal and Slovakia in June and 5 countries had inflation at or above 1 percent, including Germany where prices rose 1.0 percent on the year.

Core annual inflation - which excludes the volatile prices of energy and unprocessed food - stood at 0.8 percent in June, unchanged from May.

The ECB is also keeping an eye on the euro exchange rate and its impact on inflation -- the bank is ready to launch additional measures to prevent deflation if the euro becomes to strong. [Reuters]

ekathimerini.com , Thursday Jul 17, 2014 (14:00)  
Consumer confidence in decline in Q4
Euro slide fuels hope of tourism growth
Quest buys Cardlink from Alpha, Eurobank
SYRIZA calls for all taxes to be paid on time
Greek F-16 crash in southeastern Spain kills 10
A Greek fighter jet crashed into parked aircraft during a NATO training exercise on Monday in southeastern Spain, killing at least 10 people and injuring another 13, Spanish defense authorit...
PASOK heading for party congress, leadership contest
PASOK is due to hold a party congress in March, when the leadership of the party will also be at stake, after a poor showing in the elections. Sources said that PASOK leader and outgoing Dep...
Inside News
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakoss 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
Inside Sports
COMMENTARY
SYRIZAs win will test institutions
Greece was at an impasse, with a government that did not believe in what it was doing and an opposition that declared with passionate intensity that whatever the government did was wrong and...
COMMENTARY
The challenge for Tsipras and others
A few years ago, an associate of mine who had met with Alexis Tsipras when the young politician was running for Athens mayor told me how impressed he had been by his confidence. Tsipras was ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Basket League favorites survive challenges on the road
2. Consumer confidence in decline in Q4
3. Euro slide fuels hope of tourism growth
4. Quest buys Cardlink from Alpha, Eurobank
5. SYRIZA calls for all taxes to be paid on time
6. Stock traders none too pleased with election result
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015: The day after | LIVE
3. SYRIZA's win will test institutions
4. Tsipras forges anti-austerity coalition in challenge to EU
5. Finnish PM says ready to discuss bailout extension for Greece
6. Tsipras moves to form anti-austerity government after crushing victory
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greek Elections 2015 | LIVE
3. SYRIZA heads for historic victory but without majority
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. QE exclusion a de facto Grexit
6. Unsupervised voting
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.